Originally Posted by Mike Zybyszko
It amazes me that some people try to rush to WWE's defense and claim "they are making money". No, NO THEY ARE NOT. They are losing money badly. You don't lose over 1/2 of your stock value in 2 years unless you are bleeding money like your femoral artery got opened up. Vince has lost 500 million dollars in that time. Where did that money go? If they were making any money at all their stock would be going up. Stock experts have labeled WWE a "dead duck" stock which means they don't believe WWE will still be in business for a significant amount of time to be worth the investment risk.
You can link whatever bullshit cooked book numbers Vince puts out, but none of that changes the fact of their stock and its performance. Can't lie about that one.
Then there's the "well, TNA sucks...", except that TNA has never been at the highs that WWE was. It's small time compared to that, PLUS, their operating costs are much lower than WWEs. This analogy is so flawed. It's like if McDonalds suddenly lost over half its value, but their fans claim, "well, Ma & Pa Kettle's Kitchen down the road is small time, only has one store, and makes less money than McDonalds, therefor McDonalds is doing good."
WWE is starting to feel it to. Vince knows what is happening. He knows full well he is in deep shit unless he pulls off a miracle.
1. The price 2 years ago was 13.4 it's now 8.25 - that's not over half.
2. Vince owns just short of 40 million shares meaning he's personally lost $206,000,000 due to that drop not the $500,000,000 you claim.
3. He still owns $330,000,000 worth of shares.
4. Their financial report for last year listed them having $155,000,000 (155 millon) cash in the bank. Their debt is 1.6 million.
5. They made a Net Income of $24,000,000 last year from total revenues of nearly $500,000,000.
6. They are a public company, they cannot "cook the books" and neither can Deloitte and Touche who do their accounts.
Finally if interested take a look here to see how they cleverly consolidated a down turn in business to make the same, and in some recent years more $ than during the Attitude Era.